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Stock impact report

Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2018 Results; Provides Guidance for 2019

Black Stone Minerals, L.P. Common units representing limited partner interests (BSM) 
NASDAQ:AMEX Investor Relations: investor.blackstoneminerals.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Partnership”) today announces its financial and operating results for the fourth quarter and full year of 2018 and provides guidance for 2019. Fourth Quarter 2018 Highlights Set a new quarterly total reported production record in the fourth quarter of 49.7 MBoe/d, representing a 3% increase from the third quarter and a 30% increase from the fourth quarter of 2017. Mineral and royalty production increased 9% from the third quarter of 2018, marking a new record of 35.8 MBoe/d. Recognized net income and Adjusted EBITDA for the quarter of $164.1 million and $110.0 million, respectively. Reported distributable cash flow of $96.7 million, resulting in distribution coverage for all units of 1.3x based on the announced cash di Show less Read more
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